What is one suggested consideration for expenditure projections during budget reviews?

Considering program staff opinions regarding budget needs serves to incorporate valuable insights and first-hand knowledge from those directly involved in program implementation and operations. These stakeholders often have a comprehensive understanding of the resources required to achieve program objectives, potential challenges, and areas for improvement. Engaging with program staff during budget reviews ensures that the budgeting process reflects realistic and practical needs, making expenditures more aligned with actual program demands.

This approach helps establish a more accurate and holistic view of projected expenditures, taking into account not only historical data but also on-the-ground insights that may not be captured through quantitative analysis alone. It acknowledges the importance of collaborative input in the budgeting process, allowing for better-informed decision-making and resource allocation.

In contrast, assuming all expenditures are fixed does not take into account any changes in demand or operational needs, while ignoring past expenditures and focusing solely on future projections can lead to a disconnect from historical patterns that could inform more balanced budgeting. Lastly, limiting projections to the current fiscal year overlooks the importance of long-term planning and sustainability of programs, which may require multi-year budgeting approaches.